Tag Archives: life insurance

Take a Break Labor Day and Let Your Insurance do the Work

happy labor dayOur country was founded by hard working men and women who gave their blood, sweat, and tears so that we can enjoy the American Dream.

And it’s because of people like them that the American Dream lives on.

That’s why JR Carnahan’s goal is to serve everyone with excellence. Our goal is to go above and beyond to make sure your expectations are exceeded and all your insurance needs are met. Each of our clients have different needs and we work hard to make sure their insurance plans are specialized and prepared just for them!

It’s our little contribution in keeping the American Dream alive.

This Labor Day is a great time to consider the security that an insurance plan can offer you and your family. Whether it’s health, life, auto, or business insurance, give yourself a break and let JR Carnahan worry about the “what-ifs” of life. For all of your insurance needs, don’t wait to contact us at JR Carnahan Insurance!

Now it’s time to relax!

As we celebrate Labor Day, we want to thank all those who help achieve the strength, prosperity, and well-being of this country. You work hard to provide for your family, serve the work force, and give back to your community.

Wishing you and yours a safe and happy holiday!

In celebration of Labor Day, our offices will be closed on September 7th. We want to give our hard-working team a much-deserved rest! Fear not, we’ll be back to serve you bright and early on the 8th!

Advantages to Hiring an Insurance Broker Over Buying Direct

In the age of online shopping, people want fast, easy, and convenient, even when it comes to their insurance policies. Most people are now purchasing their insurance coverage online, directly from the insurance company, versus going through an insurance agent or broker.

But there are still advantages to hiring an individual insurance agent over buying directly from the insurance company.

Here are just a few:

insurance broker agent First of all, an insurance broker can save you money.

They are professionally trained to choose the best policy for their clients. Because they have access to hundreds of prices and coverages from different insurance companies, they are often able to snag a better deal than what you could get for yourself.

Secondly, purchasing insurance through a broker is easier than buying direct.

Not only do most agents offer and manage all types of insurance coverage, they are also easier to get in touch with. Agents are quicker to respond to emails and phone calls, and will respond personally, versus an insurance company that uses a call center and can take days to respond.

Another reason an insurance agent might prove better for the client than purchasing direct is that they can provide ease of mind.

Insurance is complicated and brokers are trained to understand the ins and outs and educate their customers. They will spend time explaining each policy so the insured can make an educated decision with peace of mind. When you buy direct the risk of making a mistake or misunderstanding a policy is larger than using an insurance broker to be your middle man.

While there is nothing wrong with purchasing insurance directly from an insurance company, there are certain services and protections you might forfeit.

Our recommendation is to trust a broker to shop and manage your insurance policies for you. There’s a good chance you’ll end up saving money and having more peace of mind!

Do I Really Need Life Insurance?

life insurance

If you are married or have kids, chances are you have considered purchasing a life insurance policy.

But what if you’re single, childless, or retiring? Life Insurance can be pricey and might seem like an unnecessary expense.

However, the reality is that most people need life insurance. We all want to be prepared for life’s unexpected events, no matter our situation.

A simple rule of thumb is that you should be covered by life insurance if someone will suffer financially when you die. This rule applies to more than just married couples or parents.

Singles

Most singles assume they do not need life insurance because they do not have dependents. However, if you are a single with outstanding debt, are caring for an aging parent or disabled sibling, or want to cover funeral costs when you are gone, life insurance is for you. A benefit to purchasing life insurance as a young, healthy single is that you have a better likelihood of qualifying for a low rate and locking in the premium.

Stay-At-Home Parents

Just because you don’t bring home a paycheck doesn’t mean you don’t make a financial contribution to your family. Consider what it would cost to pay someone to clean, cook, and care for your kids and home. A stay-at-home parent offers value to the home that is often overlooked, but very expensive to replace. Life Insurance can cover these costs and more.

Empty-Nesters

The kids are out of the house, college is paid for, and now it’s just the two of you. This might seem like an opportune time to drop your life insurance policy, but that’s not always a good idea. There are many unexpected events that life insurance could help with, such as a child returning home or suddenly needing financial support, the death of a spouse, or having an inheritance to pass to your heirs. Think twice before dropping your life insurance policy just because the kids are out of the house.

Retirees

When the house is paid off and you are set with retirement income, life insurance isn’t something you would ordinarily think about. However, depending on the size of your estate, your heirs might have to pay a hefty estate tax, as well as funeral costs, any other outstanding debts, and cost of living for your spouse. Life Insurance is an important thing to consider even if you and your spouse are financially set for retirement.

Small Business Owners

Life Insurance can help a small business in multiple ways should one of its owners or key employees pass away. For example,  a Buy-Sell Agreement ensures that the remaining business owners have the funds to purchase the deceased’s portion of the business from the family at a previously decided upon price. Additionally, Key Person Insurance ensures that the owner has the funds to either hire a replacement or make other arrangements. If you own a small business, life insurance is a must.

So, if you are wondering if you really need life insurance, just ask yourself if there are any costs that would be left to your family or co-workers should you die. If so, then it’s a good idea to look into life insurance. Don’t wait until later in life to get prepared!

“I need life insurance, now what?”

There are many types and amounts of life insurance coverage available. If you are looking for a policy and need guidance on the best policy for your particular situation, contact me for a complimentary personalized quote.